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and, so, so, over time that number has fluctuated based upon sales tax revenues and how the sales tax revenues have fluctuated. so, for example, in fiscal year 2009 to 2011, the payment under this current form would be increased by 18% because of the fact that the economy had affected sale tax received that weren't received. we recognize the $15 million versus the contract value of approximately $2.6 million is quite a substantial difference. during negotiations we discussed this issue and we were very pragmatic about this. we did not feel that it would be feasible to transition to an amount like $15 million overnight. so, that's the feeder agreement. in term of -- those are the historical developments of both agreements. and now i'd like to walk you through the proposed amendments to the agreement. so, for the past pass agreement, the term of this would be from retroactive from january 2010 through june 2014. and for the feeder agreement the term would be from july 2010 to june 2020. the difference here is ed explained that the bart board fare policy has expired with the last fare in
and, so, so, over time that number has fluctuated based upon sales tax revenues and how the sales tax revenues have fluctuated. so, for example, in fiscal year 2009 to 2011, the payment under this current form would be increased by 18% because of the fact that the economy had affected sale tax received that weren't received. we recognize the $15 million versus the contract value of approximately $2.6 million is quite a substantial difference. during negotiations we discussed this issue and we...
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and those were backed by hotel tax revenue. in addition, in 2009 the board approved the delivery of certificates of participation as well as the establishment of a [speaker not understood] improvement district allowing for the district to levy assessmentses of up to 1.5% to do improvements. .5% of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. so, we've already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. and we also partnered with sf travel improvement. we are now proposing as part of the expansion another collaboration. so, this is similar to what we've done historically. >> thank you. >> this slide is a highlight of attachment 3 of the budget analyst and legislative report. it shows you a huge cash flow. we are proposing a not to exceed amount of 507.9 million, and we've assumed an interest rate of 6%. we are requesting that as part
and those were backed by hotel tax revenue. in addition, in 2009 the board approved the delivery of certificates of participation as well as the establishment of a [speaker not understood] improvement district allowing for the district to levy assessmentses of up to 1.5% to do improvements. .5% of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. so, we've already...
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we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, also wonderful human being. merl is also hiding in the background because he is also humble. these two banks have been huge up
we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green...
SFGTV: San Francisco Government Television
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some of our larger conventions who generate a large amount of revenue and tax dollars for the city are forced to look at other options, look at other cities because they're outgrowing our facility. as you know, tourism is is a major economic engine for san francisco. in 2011 we had over 16 million visitors. about 40% of those are international visitors and they spent over -- almost $8-1/2 billion in our economy, generating over 500 million dollars in local taxes. these are taxes that the residents of san francisco would have to pay if it wasn't for the visitors doing that. it created over 71,000 darer local jobs and really had a major factor in our economic recovery. conventions accounted for nearly $1.8 billion or 21% of all the tourism revenue spent in san francisco and 27% of all hotel room occupancy. * our independent study shows that without the expansion of moscone, where losing dollars right now, over $2 billion has already been lost between 2010 and 2019, for groups that had to leave san francisco or couldn't meet here because of the size of our center. and history has proven t
some of our larger conventions who generate a large amount of revenue and tax dollars for the city are forced to look at other options, look at other cities because they're outgrowing our facility. as you know, tourism is is a major economic engine for san francisco. in 2011 we had over 16 million visitors. about 40% of those are international visitors and they spent over -- almost $8-1/2 billion in our economy, generating over 500 million dollars in local taxes. these are taxes that the...
SFGTV: San Francisco Government Television
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the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that process through various trade associations and our meeting, in fact, next week with the commit staff working on the bill to have california's law conform for the federal law. cap and trade another very large statewide issue. san francisco as a city family is engaging on that through our advocacy, our lobbyists, as well as the league of cities, california state association of counties and others who have an interest in making sure that local government and transportation programs in particular, given that transportation emits 38% of the state's greenhouse gas emissions do see some benefit from th
the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that...
SFGTV: San Francisco Government Television
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> item 25 is an ordinance appropriating 2.6 million from the general reserve for the gross receipts tax implementation planning for fy 2012-13 and amending the salary ordinance and reflecting the addition of five positions this the treasury of tax collector. >> same hots same call this item is passed on the first reading. >> item 27. >> item 27 is performing work under city contracts. >> same house same call this resolution is adopted. >> item 28 is a resolution approving the fourth contract amendment with i c f resour for renybble contract change and resours and increasing the amount of contract by 20.4 million. >> this resolution is adopted item 29. >> item 29 is a resolution approvalling the prepayment and collection agreement between bay area water supply and public utilities chex for a term ending 2036. >> next item. >> item 30 is a resolution authorizing the department of emergency management to retrotively accept and extend an emergency management performance grant in the amount of 289.6000 for preparedness compatibilityings for the period of july 30, 2012 through june 2013. >> t
> item 25 is an ordinance appropriating 2.6 million from the general reserve for the gross receipts tax implementation planning for fy 2012-13 and amending the salary ordinance and reflecting the addition of five positions this the treasury of tax collector. >> same hots same call this item is passed on the first reading. >> item 27. >> item 27 is performing work under city contracts. >> same house same call this resolution is adopted. >> item 28 is a resolution...
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it is important to leverage the local sales tax dollars to complement and support of the city funded infrastructure investment coming from voter approved initiatives such as the street bond that we all i think worked on. working in tandem with mta to deliver pedestrian safety, traffic calming and other improvements faster and more efficiently and very fair and process to select our executive director. i believe that commissioner avalos will be able to handily take the wheel and help us usher and addresses key issues that i've outlined today. thank you. >> thank you commissioner, before i turn to commissioner wiener, i want to ask if there is any other member of the public who like to say something else on this item? public comment on this is closed. commissioner wiener. >>i'm happy to support commissioner avalos as chair. sometimes something to get lost in the debates is that even though we have areas of disagreement but often get a lot of attention, a lot of press coverage because anytime you have a big dispute at city hall that is likely to get the attention, in reality when it com
it is important to leverage the local sales tax dollars to complement and support of the city funded infrastructure investment coming from voter approved initiatives such as the street bond that we all i think worked on. working in tandem with mta to deliver pedestrian safety, traffic calming and other improvements faster and more efficiently and very fair and process to select our executive director. i believe that commissioner avalos will be able to handily take the wheel and help us usher...
SFGTV: San Francisco Government Television
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so, the metropolitan transportation commission changed the formula to be linked to sales tax. which is somewhat reflective of the economy and the level of rider ship and the health of the bay area as the economy does better sales tax goes up, ridership goes up. and as it goes down, so does ridership follows along accordingly. so sales tax was a proxy i would summarize from what mta changed, how they changed it back in the 1989. but going forward, bart has just -- we viewed this as a contribution that we're willing to make and we have done that. so, we're willing to continue to make the contribution. >> okay. seeing no other questions, thank you very much. like to open up to public comment if there are any members of the public that wish to comment on items 7 and 8, please step forward. mr. paulson. >>>♪ looks like a lovely feeder bart feeder money made. you're going to take my money away when you come and take the money away standing by a feeder meter and you're going to get a glimpse of a money reader and you take my money away and how am i supposed to, if i don't have the
so, the metropolitan transportation commission changed the formula to be linked to sales tax. which is somewhat reflective of the economy and the level of rider ship and the health of the bay area as the economy does better sales tax goes up, ridership goes up. and as it goes down, so does ridership follows along accordingly. so sales tax was a proxy i would summarize from what mta changed, how they changed it back in the 1989. but going forward, bart has just -- we viewed this as a...
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smaller projects; prop k has money for curve walks, pedestrian signals, the major feature of the sales tax program. i have the audit on the agenda. congratulations to cynthia and the board; we continue to have a good credit rating. we have not had to issue bonds but we are prepared to that. we have negotiated a letter of credit; there is a significant cost savings, just under 1 million dollars a year that are now available for projects. we have had a big office move; congratulations to cynthia and her staff. if you have not looked at the window recently it is converted to residential use. last but not least i want to reiterate what jose luis and the chair have said about the leadership of the board; and more more about the public and private partners. a huge thanks to the wonderful staff past and present and our interns who have done amazing things. i want to mention anthony adams who created interactive maps. you can find the project, cost phase and completion. we expect this to go live next month. thank you. >> thank you for your presentation; the interactive map something and fantastic;
smaller projects; prop k has money for curve walks, pedestrian signals, the major feature of the sales tax program. i have the audit on the agenda. congratulations to cynthia and the board; we continue to have a good credit rating. we have not had to issue bonds but we are prepared to that. we have negotiated a letter of credit; there is a significant cost savings, just under 1 million dollars a year that are now available for projects. we have had a big office move; congratulations to cynthia...
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dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president of the lead developer of this partnership, and that is jack gardner. without our developers, without our partnerships, we wouldn't be here because we need developers to design and create this and to secure all the financing. and i'd like to introduce jack gardner. (applause) >> thank you. thank you, olson. mr. mayor, i'm going to bring my kids to the next event because i want the mayor of san francisco to tell them to keep their rooms clean, too. [laughter] >> so, and these guys are like, that wasn't part of the deal. wait a second. anyway, after almost eight
dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president...
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that's why i proposed that this year we look at the transportation system in our city with pay role tax reform. in a nutshell we got all the leaders together in our city and agreed to make a difference. i say let's take that same approach with our transportation challenges too. we already have a lot of plans and reports that all driveway solutions were we need to more than news to better match up with the 21 accounting century where people work and shop. and so we'll have a transportation 200 thirty transportation workforce. we'll be working with our controllers office, we'll invite all our heeds from regional transportation system and our technology community to the table. i'm also thankful that commissioner wen eras agreed to meet with us on this opportunity. we'll maintain the condition of our streets and we'll make municipal transportation systems in this city work the way they want to work. don't get close to our municipal syst system that some folks may say. we cannot let politics be our guide. paris london and england has great transportation systems but look at san francisco. ac
that's why i proposed that this year we look at the transportation system in our city with pay role tax reform. in a nutshell we got all the leaders together in our city and agreed to make a difference. i say let's take that same approach with our transportation challenges too. we already have a lot of plans and reports that all driveway solutions were we need to more than news to better match up with the 21 accounting century where people work and shop. and so we'll have a transportation 200...
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also want to talk about the trend happening locally in terms of revenue measures such as the sales tax and vehicle registration fee that are administered by the authority. one of the things that is important as we move forward is to always look for the most cost-effective ways of doing the work. one of the things that i hope you continue to do is to focus on enhancing coordination among the various city agencies. we saw with a number of projects that were discussed at the authority that while there is communication between these agencies better communication is needed. and one of the things that i hope happens- especially with the major projects - that we continue to focus on how the county transportation authority interacts with the mta and other agencies involved in various projects that we are funding. i know that in the state of the city address, mayor lee indicated that public transportation % specifically the mta is going to be a top priority for him. i know he is putting together a working group that is going to be looking at those issues and i hope that at that work continues t
also want to talk about the trend happening locally in terms of revenue measures such as the sales tax and vehicle registration fee that are administered by the authority. one of the things that is important as we move forward is to always look for the most cost-effective ways of doing the work. one of the things that i hope you continue to do is to focus on enhancing coordination among the various city agencies. we saw with a number of projects that were discussed at the authority that while...
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to be the first state in the country to cap and state in the country to aggressively reduce in-house tax voters of california passed proposition nine for energy efficiency and alternative energy project the process of allocating these funds is now at the state legislature which will be making specific allocation to their specific process and many strategies regular recommended by the state fall under the responsibility of local government and is's and this is why a number of local countieses and legislation around the state are provide asking to provide additional funds to support greenhouse production programs and so my request is to support that. and i have a memoryium to recognize the passing of a long-time residental in our area who lived in chinatown. lucile chen and she raced three children including gordon which when who you know was a fopper and significant leader in the chinatown community center. she was a loving and spirited woman often referred to as the lucile ball of chima town and i want to express my condolences to the family i know shell be greatly miss the. >> the rest
to be the first state in the country to cap and state in the country to aggressively reduce in-house tax voters of california passed proposition nine for energy efficiency and alternative energy project the process of allocating these funds is now at the state legislature which will be making specific allocation to their specific process and many strategies regular recommended by the state fall under the responsibility of local government and is's and this is why a number of local countieses...
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non-profit organization and our role in this project was to provide a $10 million allocation of new markets tax credits. you heard leader pelosi speak about the importance of this program. every year the new markets program provides billions of dollars to projects similar to this one. and it's a very important part of the fabric of what moves communities toward in today's worldful. we're incredibly proud to have had the chance to support this program, to support st. anthony's in providing meals, services and hope to san franciscans. but it's especially heartwarming to us to be able to collaborate and to bring housing and services together and the collaboration between mercy housing and st. anthony's. we would like to thank banc of america, who was our capital partner in the new markets program and again, we're simply thrilled to be part of this. it speaks perfectly to the vision that many of us share for how to move families and communities forward. i have to say that i for one, if this is what the groundbreaking is like, i am incredibly excited to go to the grand opening celebration. thank you
non-profit organization and our role in this project was to provide a $10 million allocation of new markets tax credits. you heard leader pelosi speak about the importance of this program. every year the new markets program provides billions of dollars to projects similar to this one. and it's a very important part of the fabric of what moves communities toward in today's worldful. we're incredibly proud to have had the chance to support this program, to support st. anthony's in providing...
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so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could be -- right? anybody who wants to come for legitimate reason ares wants to come. >> right. >> larry, can i ask a question? >> what i want to say, all right i'll direct it tow. the gop should be the party of growth and opportunity and the party of entrepreneurship and the party of upward mobilitity. here is my point. if the brainyacs come in because we want them to stay and want to attract them and if the rest of the workforce lets go of the skills, they may climb the ladder of upwardmobility. why can't the gop see that
so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could...
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a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a gallon? the money mostly would go directly to repair america's critical infrastructure. while they are boating, senator bennett. >> you don't have my number. >> what is your number? 15 cents. >> let's go back just for a moment. i agree, it is really important that we deal with facts and that we deal with common facts. let me tell you about europe, as a business person. there are certain countries in europe, many of which are not in crisis, that are absolutely the last place you would ever put a new job. the reason they are the last place you would put a new job is because the rules are around
a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a...
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we are taxing work the barely taxing wealth region but barely tax and wealth. that is the wrong priority. -- we're taxing work but barely taxing wealth. the robin hood taxes an idea whose time has come. radicals light nicholke nicolasy and angela merkel have a tax on currency transactions that would bring in $350 billion a year. some of my heroes are the nurses of this country. national nurses united heal america. tax-loss >>> there are a slew -- tax on wall street. there are a slew of good things that 1%ers are for. >> he is not really offering of a lot. >> he is talking about being taxed less than his assistant. there is a group of patriotic millionaires. it is the belief that you owe backe to a country that has helped to make you what you are. steve jobs -- we had a tough column in the last issue. it was tough not about apple labor practices in china. here you had a man of great wealth was talking about cutting taxes and never really gave of his philanthropic wealth. poor bill gates, he gets nailed for being so square. you can disagree with some things. but
we are taxing work the barely taxing wealth region but barely tax and wealth. that is the wrong priority. -- we're taxing work but barely taxing wealth. the robin hood taxes an idea whose time has come. radicals light nicholke nicolasy and angela merkel have a tax on currency transactions that would bring in $350 billion a year. some of my heroes are the nurses of this country. national nurses united heal america. tax-loss >>> there are a slew -- tax on wall street. there are a slew of...
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we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down there. you don't work your whole life to give the money to the government, after you have already given half of it. stuart: the highlight reel is next. to generate income? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now ge
we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down...
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time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. are. >> i've got a mandate to help middle class families, and families that are working hard to try to get in the middle class. >> fight for middle class families, middle class families. charles: sorry mr. president, it looks like the middle class is gets blasted, consumer confidence plummeted to one year low, retail sales they fell for fourth state week. washington watcher tina korber said, blame the payroll tax hike that kicked in. i saw that number i was shocked. lowest since november 2007, you say this is payroll tax? >> no s
time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. are....
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so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an expert on this. david goodfriend. good to talk to you. i haven't talked to you in a while. >> you too cenk. thanks for having me on into absolutely. tell me how they're getting away with this. >> this goats to sports leagues getting tremendous public subsidies. don't stop with the tax code. take a look, for example at antitrust laws in the united states. there is an explicit exemption for professional sports leagues. they can negotiate a contract with broadcasters high school colluding to get together--while colluding t
so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an...
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...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: so call it a potential hackers haven, but chattanooga hoping to offer the fastest internet structure in the country. if that's not enough for you, they instituted a new program called geek moves that covers mortgage and moving excepts for ten lucky techs. one innovative program instituted hoping to spark a tech revolution in tennessee. here to explap is the chattanooga mayor who i think is a genius. thank you for coming on the show. we appreciate your time. >> glad to be with you. melissa: why did you decide technology was key? what made you focus on that? >> well, we had a choice of rebuilding the old electrical system that receivers the city or building something for the future, and even though it was initially more costly, we felt the future was more compelling than the past. chattanooga's an old industrial city. this is new infra
...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: so call it a potential hackers haven, but chattanooga hoping to offer the fastest internet structure in the country. if that's not enough for you, they instituted a new program called geek moves that covers mortgage and moving excepts for ten lucky techs. one innovative program instituted hoping to spark a tech revolution in...
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gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan, illinois? what's the big inbounds state. dc, washington, d.c. because they have all the money. oregon, nevada, north carolina, south carolina so people are moving south. that's definitely the case. >> oh, absolutely. gerri: a quick story before we came to air saying you were able to actually nab a present for your company that you otherwise would have not been able to get if he had to move to new york or new jersey. >> that's right. he's a perfect example. the president here was a managing directer at ubs, and every day he would wake up at 4:30, and he would get to
gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan,...
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Jan 30, 2013
01/13
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FBC
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long l
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any...
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Jan 30, 2013
01/13
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CSPAN2
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
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Jan 30, 2013
01/13
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FOXNEWSW
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, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest tax revenues. go figure. >> eric: they were spinning all this different directions. do we have it? the g.d.p. report it's negative growth time. how about this one. despite lousy g.d.p. report u.s. economy is primed to expand. it didn't look like it to me. good news in a bad g.d.p. report. good or bad? >> it's ridiculous. we have had --, no, i don't think so. we've had the worse single recovery in the history of the u.s. in fact the recovery is much worse b
, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who...
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Jan 30, 2013
01/13
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FBC
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we wish you officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
we wish you officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
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Jan 30, 2013
01/13
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KOFY
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores narrowing in on a sideshow that took place in the middle of interstate 880. the stunt could have had deadly consequences. alan wang has the latest on the investigation and the 9-1-1 calls that came in during that incident. >> oh my gosh. >> the chp is getting an abundance of information leading to the drivers involved in this sideshow. it happened on saturday afternoon around 4:00 right in the middle of 880 in oakland. >> it is being shown on the internet and somebody posted it. i saw a comment saying they knew someone in the video. >> an anonymous caller who gave crucial information to the chp spoke exclusively to abc7 news. he says he saw postings on facebook implicating the drivers. the chp also released 9-1-1 calls from people witnes
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores narrowing in on a sideshow that took place in the middle of interstate 880. the stunt could have had deadly consequences. alan wang has the...
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Jan 30, 2013
01/13
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MSNBC
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taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >> okay. we've got two pending nominations, john kerry, chuck hagel. both of whom are very prominently anti-us, less than ardent fans of the u.s. military. my view of the military and foreign policy is exactly that of reagan's, that it should be driven by the national security interests of the united states, that we should go in with clear, defined objectives, overwhelming force, and then when we're done, get the heck out. >> does anyone believe paul ryan -- ronald reagan would have taken us into a hawkish war like iraq? by the way,
taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >>...
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Jan 30, 2013
01/13
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WTTG
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many consider taxes too high and a huge surplus announced, maybe it's time to adjust the tax rate. >> i think lowering the taxes would be a great idea. everybody could use a couple extra thousand. >> i'm sure the city needs some as well. but the taxpayer needs it. >> but mayor gray shot down that idea. >> i'm not in a position where we should be reducing taxes. >> the extra money was raised through speed camera fines, corporate taxes, and $50 million was generated when one very wealthy resident died. but the mayor has decided not to spend all the money. he wants to bank it instead. >> i was incredibly disappointed. >> with the washington legal clinic for the homeless says the extra revenue is desperately needed now. >> the past spring and summer, we had dozens of children sleeping on the streets because we don't have a right to shelter year round for families. >> hope is not lost for social services in need of more cash. so far, this year, tax revenue is higher than expected. but in d.c. and an even better spot. mior gray said he wouldn't rule out looking at lowering taxes in the futu
many consider taxes too high and a huge surplus announced, maybe it's time to adjust the tax rate. >> i think lowering the taxes would be a great idea. everybody could use a couple extra thousand. >> i'm sure the city needs some as well. but the taxpayer needs it. >> but mayor gray shot down that idea. >> i'm not in a position where we should be reducing taxes. >> the extra money was raised through speed camera fines, corporate taxes, and $50 million was generated...
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Jan 30, 2013
01/13
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WBFF
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yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 & 3 commmn ssess sayy, oo't steal cars.../ butteven more so...// don't steal aacar... you don't... know how to drive. drive. wo armed men in floridaaattempted to ccrjack 3 corveete in orlandoo they pstuck a handdun ii the driiees face then made hii lay down on 3happpned, that's when the drrver haa to give the two crooks a drivers ed lesson at gunpoinn. & 3 they apparennly coulln'tt diiferent times tt push in the & pcutch. because it'' a ssandarddtransmissiin." 3 3 "my first thought wassi guess we don't aveedriver's ee..in school anymore because no one pnnws how to rive a stick. and y secood thing was, don't start tte car. i'm trying to help yoo out here. you know. &pthan
yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 & 3 commmn ssess sayy, oo't steal cars.../ butteven more so...// don't steal aacar......
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Jan 30, 2013
01/13
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CSPAN2
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why would we raise the gas tax to improve infrastructure when all of the gas tax dollars we currently collect don't go to improving our infrastructure now. millions of dollars each year in our gas tax revenue are being diverted away from our bridges and our highways. let's change that. and then let's invest more of the money we already have into this vital area. every year you hear me talk about the money tree that falls during session whereby new dollars appear above and beyond what was available whin we balanced our budget in december and january. let's prioritize that money differently this year. we've's released an executive budget that is balanced. funds the core function of government. strengthens underfunded needs like mental health and law enforcement and identifies money for road and bridge improvements. let's follow that blueprint. we can make our state safer and our business climate can be more dynamic. with us today is warden mike mccall. one of the unsung heroes of south carolina state government. warden mccall runs lee correctional institution. one of our most dangerous,
why would we raise the gas tax to improve infrastructure when all of the gas tax dollars we currently collect don't go to improving our infrastructure now. millions of dollars each year in our gas tax revenue are being diverted away from our bridges and our highways. let's change that. and then let's invest more of the money we already have into this vital area. every year you hear me talk about the money tree that falls during session whereby new dollars appear above and beyond what was...
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Jan 30, 2013
01/13
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WJZ
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whether there should be a gasoline tax. whether there should be an increase in the sales tax. and wind. whether we should build a wind farm off of ocean city. and of course the big thing is jobs. he is going to talk about how the state has done a good job in creating jobs during the recession. >> let's turn now to charles robinson who is in the house of delegates chamber. charles, what's happening there? >> i am here inside the chamber. they are doing the the introductions. first and foremost, the mayor of washington, d.c. is here. that's mayor benson gray. there are five foreign ambassadors that are here, and they are always invited to see how democracy works. in addition to that, there are a number of individuals who are here who should be here who aren't here. i want to point out yesterday there was -- the county executive from an rondo county was relieved of his post after being found guilty. we're not going to have his replacement here today, if you will. in addition to that, i wanted you to know that right over my shoulder is the former secretary of transportation. he is
whether there should be a gasoline tax. whether there should be an increase in the sales tax. and wind. whether we should build a wind farm off of ocean city. and of course the big thing is jobs. he is going to talk about how the state has done a good job in creating jobs during the recession. >> let's turn now to charles robinson who is in the house of delegates chamber. charles, what's happening there? >> i am here inside the chamber. they are doing the the introductions. first...
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Jan 30, 2013
01/13
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KICU
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deals on your tax returns could be too good to be true. and, luck of the zuck. a look at how america's youngest billionaire built the facebook empire. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 30th. i'm angel miles. in today's first look: the blue chips turn green, very green. yesterday, the dow finished the session up 72 points to 13,954. the blue chips are now back to levels we have not seen since the financial crisis in 2007, when the dow hit an all-time high of 14,164. amazon amazes despite a drop in profits. last night the e- tailer reported strong holiday sales of its kindle e-readers and a boost in operating incomes. the federal reserve makes an announcement on rates today around 2:15 eastern, wrapping up a two-day meeting. and the senate has confirmed john kerry as the next secretary of state. joe cusick of optionsxpress join us now. joe, there is a lot to talk about this morning, including the dow closing in on 14,000. what is your take? > > yo
deals on your tax returns could be too good to be true. and, luck of the zuck. a look at how america's youngest billionaire built the facebook empire. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 30th. i'm angel miles. in today's first look: the blue chips turn green, very green. yesterday, the dow finished the session up 72 points to 13,954. the blue chips are now back to levels we have...
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Jan 30, 2013
01/13
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KGO
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yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. orleans. on super bowl media day the stars get preferential treatment. they get their own podium and their back ups are on the field with us, the reporters. that's where alex smith was in the superdome trying to put a happy face on. well not that happy. if not for a midseason concussion it may be smith starting, but instead he up c backing up colin kaepernick. smith will almost certainly play for another team. he has been talking about this frustrating situation. >> how bittersweet is this for you, alex? >> this is great. i mean it thing.n amazing thing. as a team you work so hard and put in so much time. this has been our goal all along since last year. did i envision mys
yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. orleans. on super bowl media day the stars get preferential treatment. they get their own...
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Jan 30, 2013
01/13
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MSNBC
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, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line, and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think, as susana martinez does and others, this next generation of republican leaders out there who are doing it. >> what's jindal's message -- >> they're creating the laboratory in the states, which is why i go back to my point which this is not about national messaging. this is finding and accepting republicans where they are. >> you buy this as an intellectual who writes for "the national review"? you buy the fact that the republican party can become a coalition party, not a homogeneous right wing party? >> i think -- >> can you answer that question yes or no? >> yes. i think the republican party can succeed, but if you listen to bobby jindal's speech, he's asking a big question. too often he says the party is becoming the fiscal conservative party. he's saying republicans aren't going to ba
, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line, and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think, as susana martinez does and others, this next generation of republican leaders out there who are doing it. >> what's jindal's message -- >> they're creating the laboratory in the states, which is why i go back to my point which this is not...
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Jan 30, 2013
01/13
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KGO
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted it. big flavor, big portions, starting at just $9.99. see you tomorrow. but when i cook up some beef, ketchup, relish and cheese, cover it with crescent dough and pow! cheeseburger crescent casserole. double awesome. pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >> jimmy: tonight on the program from the very funny hbo show "girls" adam driver is with us. adam plays adam on the show. and our musical gues
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted...
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Jan 30, 2013
01/13
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CSPAN2
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that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this government we will. >> thank you just for once why doesn't he give us straight after two straight question? [shouting] growth was not 5% as he foreca forecast. but -- i'm about to give him some advice. i decided to the part-time chancellor, he should spend more time worrying about our economy and less time worrying about how to divert high speed of railroad away from his consistency. [shouting] we've had a flat-lining -- he should -- he shakes his head, but what does he have to say? your mp -- >> mr. alice, you are a distinguished practicing
that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this...
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Jan 30, 2013
01/13
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FBC
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gerri: officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. ♪ gerri: heads up, small business hours. today's to pile your paperwork for the irs or you face a $500,000 fine. is bosnia weight. what is the deadline for filing your to 99? we're covering your assets. managing director for wealth health. you missed this. >> two more days. d
gerri: officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. for their annual football trip. that's double miles you can actually use. tragically, their ddy...
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Jan 30, 2013
01/13
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MSNBCW
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you know, and i believe we should have a higher tax base and higher tax rates and close loopholes so we can afford to do the things that we desperately need to do. and disaster relief is one of those things. >> think about this. they want to be mean to the people on the east coast that went through sandy. so the next time this is a tornado down in tennessee, senator corker, or mr. sessions, down in alabama, or pick any senator, mr. grassley, there might be a drought in the state of iowa some time and he might want some disaster relief. >> sure. >> maybe we'll just turn to your residents to make sure that we raise your taxes so we can give these offsets, so we can do these disaster relief. i mean, the fabric of the country is being torn by this leadership in the republican party.
you know, and i believe we should have a higher tax base and higher tax rates and close loopholes so we can afford to do the things that we desperately need to do. and disaster relief is one of those things. >> think about this. they want to be mean to the people on the east coast that went through sandy. so the next time this is a tornado down in tennessee, senator corker, or mr. sessions, down in alabama, or pick any senator, mr. grassley, there might be a drought in the state of iowa...
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Jan 30, 2013
01/13
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WTTG
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many consider taxes too high. and think with the huge surplus announced tuesday, maybe it is time to adjust the tax rate. >> i think lowering the taxes would be a great idea. everybody could use a couple of extra dollars in their pocket. i know i could. >> the taxpayer definitely need it back if they can get it to them. >> i'm not in a position where i think we should be reducing taxes. >> reporter: the extra money was raised through speed camera fines, corporate taxes and $50 million was generated in estate tax when one very wealthy resident died. the mayor has decided not to spend the money. he want to save it instead. >> i'm disappointed. this past spring and summer, we had dozens of children literally sleeping on the streets because we don't have a right to she woulder year-round for families. >> reporter: hope is not lost for certainly services in need of more cash. so far, this year, tax revenue is higher than expected putting d.c. in an even better spot. mayor gray said he wouldn't rule out looking at lower
many consider taxes too high. and think with the huge surplus announced tuesday, maybe it is time to adjust the tax rate. >> i think lowering the taxes would be a great idea. everybody could use a couple of extra dollars in their pocket. i know i could. >> the taxpayer definitely need it back if they can get it to them. >> i'm not in a position where i think we should be reducing taxes. >> reporter: the extra money was raised through speed camera fines, corporate taxes...
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Jan 30, 2013
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FBC
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. tracy: half past the hour, let's take a look at the dow 30. boeing up top trying to figure it all out. exxonmobil at the bottom right now. as is cisco systems and 3m. the tech companies having issues today. that's the floor of the new york stock exchange. nicole, you are one with us during the whole thing. love to hear his thoughts on all of this because the market took it in stride, moved a little, not a whole lot of movement. nicole: ben willis can break it down little bit for us. you're right, we didn't move around a whole lot. what we do make of the fed comments? >> not a lot. you will look at something to pick out of the headlines it would be the slowdown in growth. that is a pretty important story. the world growth we have seen not significant, not what we needed to see. the fact it is now slowing down is not a good sign. nicole: household
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. tracy: half past the hour, let's take a look at the dow 30. boeing up top trying to figure it all out. exxonmobil at the bottom right now. as is cisco systems and 3m. the tech companies having issues today. that's the floor of the new york stock exchange. nicole, you are one with us during the whole...
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Jan 30, 2013
01/13
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WMAR
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yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announcer ] so go online and send a tweet to a real fios customer. last chance to get fios for just $89.99 a month for 2 years with a 2-year agreement. plus get $300 back. visit got2getfios.com for america's fastest, most reliable internet. call the verizon center for customers with disabilities at 800-974-6006 tty/v. . >> could be some storms by this time tomorrow night so keep watching. >> have a goot good night. th
yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100%...
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Jan 30, 2013
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you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the argument for munis against the argument for charitable deductions, against the argument for mortgage deductions, so i do think it's something that people need to be cautious about. as a result if i were an investor right now, i would be investing with a shorter duration. and i've said this a lot over the last couple of years, with all the things that have gone on, i would have a professional managing my municipal money, whether it's in a mutual fund, an etf or separately managed account. >> having said that, what are your picks, a few muni picks? >> i did lon
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the...